Latest Information

Nireco Acquired Megaopto Co., Ltd.

For development of measuring and inspection devices with leading laser technology

Tokyo February 28, 2017 - Nireco Corporation (Nireco) has completed acquisition of all shares in Megaopto Co., Ltd. (Megaopto), making it a wholly owned subsidiary on February 28, 2017.

1.Background and Objectives

Nireco was seeking state-of-the-art optics technology which supplements and accelerate the development of Nireco's technologies, such as sensor, optics and image processing. Megaopto, founded in 1996, is an R&D and manufacturing company of solid-state and fiber laser devices having competitive laser technologies. Since we have acquired Megaopto, we believe that we will be able to develop new line of products for new business opportunities by applying its advanced laser technology to our measuring and inspection devices. Also, this acquisition is expected to expand business scale of Megaopto as a synergy effect with Nireco group's network.

2.Company Overview

A) Company Name

Megaopto Co., Ltd.

B) Head Office

Wako RIKEN incubation plaza, 2-3-13 Minami, Wako

Saitama 351-0104 Japan

C) President

Shinichi Nakayama

D) Founded

July 1996

E) Description of Business

Research and development, manufacturing and sales of solid- state and fiber laser devices

F) Capital

252 million yen (as of June 2016)

G) Sales

440 million yen (as of June 2016)

3. Outlook of the Financial Performance of the Current Fiscal Year

The impact of this acquisition on the consolidated financial performance of the current fiscal year is negligible.